Divestiture

TD Bank to Divest Full Stake in Charles Schwab Amidst Financial Restructuring

24 days ago

TD Bank has announced a strategic decision to divest its complete equity investment in Charles Schwab Corporation, as the financial institution seeks to streamline its operations and adjust its investment portfolio. This move marks a significant shift for TD, which has been associated with Schwab—a leader in brokerage and financial services—for several years.

Exxon Mobil Considers Divesting $1 Billion Gas Station Network in Singapore

3 months ago

Exxon Mobil Corp. is reportedly exploring the possibility of selling its extensive network of gas stations in Singapore, a move that could generate upwards of $1 billion. This potential divestiture highlights the company's ongoing efforts to streamline its operations and enhance its focus on more lucrative markets amidst shifting energy dynamics and pressures for lower carbon emissions.

Rentokil Mulls $500 Million Divestiture of French Workwear Segment

4 months ago

In a significant strategic move, Rentokil Initial, the global leader in pest control and hygiene services, is reportedly considering the sale of its French workwear division valued at approximately $500 million. Sources familiar with the matter disclosed that this decision comes as part of the company's broader strategy to streamline operations and enhance financial performance.